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RVNL Share Price: Shares of Rail Vikas Nigam Limited (RVNL) have gained more than 11 per cent today since June 3. The stock is currently trading at Rs 403 on the BSE, up 5.61 per cent. This is the first time that the company's share price has crossed Rs 400. The stock touched a new all-time high of Rs 424.95 intraday. With this rise, the company's market cap has increased to Rs 84214 crore. It is a multibagger rail PSU stock. It is one of the best performing railway companies in the last one year.
RVNL shares are in the overbought zone
RVNL shares are trading above all its daily moving averages. The company's shares are trading in the overbought zone on the chart. Its Relative Strength Index (RSI) is at 81.5. When the RSI rises above 70, it is considered that the stock is in the overbought zone, which means the stock is likely to fall.
During the March quarter itself, RVNL's revenue grew 17 percent on a year-on-year basis. At the same time, EBITDA grew by 22 percent and profit after tax (PAT) grew by 33 percent. At the end of the fourth quarter, the company's order book was around Rs 85,000 crore.
The company's order inflow is estimated to be between Rs 20,000 crore and Rs 25,000 crore in FY25. The government had sold a strategic stake of 5.4 per cent in RVNL in July last year at Rs 119 per share. The stock has more than tripled from that level. Based on the December shareholding pattern, the government still holds a 72.84 per cent stake in RVNL.
How have RVNL shares performed?
In the last one month, RVNL shares have gained 46 percent. In the last 6 months, this stock has earned a bumper profit of 134 percent. So far this year, the company's shares have climbed 121 percent. Its investors have earned a bumper profit of 245 percent in the last one year. Not only this, in the last 4 years, the company's shares have increased by a huge 2021 percent.
